NY local governments failing on ethics rules: comptroller

2010-03-18T09:15:22Z

<div><p>NEW YORK (Reuters) - Municipalities across New York state are not complying with rules on financial disclosure and other ethics requirements, the state comptroller said on Thursday.</p><p>An audit of 31 municipalities involving hundreds of local government officials found major differences in awareness and compliance with ethics laws, Comptro...

Report: Wall Streeters got $20B in bonuses in 2009

2010-02-23T14:45:47Z

<div id="subtitle">Report: Wall Street gathered more than $20B in bonuses in 2009 as recession plagued US</div><div><p>Employees at Wall Street financial firms collected more than $20 billion in bonuses in 2009, the year after taxpayers bailed out the financial sector amid the economic meltdown, New York state Comp...

Wall Street Bonuses

2010-02-23T11:45:53Z

FILE - In this Sept. 16, 2009 file photo, New York State Comptroller Thomas P. DiNapoli speaks during a news conference in New York. Wall Street bonuses were up 17 percent to over $20 billion in 2009, the year taxpayers bailed out the financial sector after its meltdown, DiNapoli said Tuesday, Feb. 23, 2010. (AP Photo/Mary Altaffer, F...

Bonuses up 17 percent on Wall Street

2010-02-23T11:15:45Z

<div><p>Bonuses paid to Wall Street securities industry employees in New York rose 17 percent to 20.3 billion dollars in 2009, state officials said Tuesday.</p><p>New York State Comptroller Thomas DiNapoli said total compensation at the largest securities firms grew even faster and industry profits could hit a ...

Wall Street bonuses jumped 17 percent last year

2010-02-23T08:45:44Z

<div><p>NEW YORK (Reuters) - Wall Street paid out $20.3 billion in bonuses in 2009, up 17 percent from a year earlier, New York State's comptroller said, as the financial industry recovered fitfully from a near meltdown.</p><p>Comptroller Thomas DiNa...

NY says Wall St bonuses up 17 percent to $20.3 billion

2010-02-23T04:30:22Z

<div><p>NEW YORK (Reuters) - Wall Street paid out $20.3 billion of bonuses in 2009, up 17 percent from a year earlier, New York State's comptroller said, as the financial industry recovered fitfully from a near meltdown.</p><p>Speaking on CNBC television,

NY's MTA electronic security plan late, lacks funds

2010-02-22T14:43:12Z

<div><p>NEW YORK (Reuters) - The cost of an electronic security program at New York's Metropolitan Transportation Authority has ballooned but a severe shortfall in the money needed means it may never be completed, the state comptroller said on Tuesday....

NYRA complying with comptroller's subpoena

2010-02-22T21:01:27Z

<div id="subtitle">Comptroller says NYRA complying with subpoena for financial records on horse racing franchise</div><div><p>The New York Racing Association, which says it may need more taxpayer money to ensure the Belmont Stakes goes off as planned, said Wednesday it will open its books to the s...

NY comptroller wants probe of lost pension checks

2010-02-22T20:59:46Z

<div id="subtitle">NY comptroller asks for congressional probe of Postal Service over misplaced pension checks</div><div><p>Comptroller Thomas DiNapoli wants a congressional committee to investigate how the U.S. Postal Service misplaced thousands of New York state...

NY comptroller to audit arm of Cuomo's office

2010-02-23T07:30:09Z

<div id="subtitle">NY comptroller to audit arm of AG Cuomo's office that recovers money owed to the state</div><div><p>New York Comptroller Thomas DiNapoli plans to audit the branch of Attorney General Andrew Cuomo's office that acts as collection bureau for the state.</p><p>The Reuters) - Wall Street, the bedrock of New York City's economy, amassed $50 billion of profits in the first nine months of this year, the state comptroller said in a report on Wednesday.</p><p>The surprisingly swift turnaround by the banks and brok...

Video game teaches NY students fiscal skills

2010-02-23T16:10:46Z

<div id="subtitle">'Financial Football' video game designed to teach NY students fiscal responsibility</div><div><p>A new video game designed to help New York students learn to manage their money tries to make the dullness of balancing a checkbook look more like the thrill of driving for a touchdown.</p><p>The game tests high school and college students' fiscal skills in an online simulation based on the rules of...

NY local governments could save $765 million by service sharing

2010-02-23T22:57:24Z

<div><p>NEW YORK (Reuters) - New York State municipalities could save $765 million by merging administrative functions and sharing services, the state comptroller said on Monday.</p><p>New York has 3,175 local governments, including counties, cities, towns, villages and school districts, which could save tax dollars by pooling r...

Wall Street profits revive, bank bonuses may jump

2010-02-24T04:23:36Z

<div><p>NEW YORK (Reuters) - New York Stock Exchange member firms earned a record $35.7 billion for their broker-dealer operations in the first six months of this year, which is 1-1/2 times above the previous high-water mark set in 2000, the state comptroller said in a report on Tuesday.</p><p>Six o...

Court: New York comptroller must return pensions

2010-02-24T12:12:32Z

<div id="subtitle">Court: NY comptroller must return lawyers' pensions; hearings required to revoke benefits</div><div><p>New York Comptroller Thomas DiNapoli must return $500,000 in public pension benefits and credits to private lawyers who received them for doing part-time jobs, according to recent lower court decisions.</p><p>Some of the lawyers fou...

NY state robs its fund for highways, bridges: report

2010-02-24T12:33:28Z

<div><p>NEW YORK (Reuters) - New York state has spent one-third of the money in its highway and bridge trust fund on transportation and "siphoned off" the rest for other purposes, including repaying debt that voters never approved, the state comptroller said on Thursday.</p><p>In a report entitled "Highway Robbery," Reuters) - New York's troubled public transit system has a $9.9 billion funding gap in its 2010-2014 capital program which it may have to close with debt absent any other source of funds, the state comptroller said on Thursday.</p><p>The Wall Street meltdown and national recession, growing to $116.5 billion in the quarter that ended in June.</p><p>Reuters) - New York City's securities companies could perform better this year than the mayor's prediction of a combined loss of $14.3 billion, the state comptroller said on Wednesday, citing recent strong results from a few major players.</p><p>The high-paying industry, which drives the local economy...

U.S. pension funds need curbs on campaign donations: NY

2010-02-27T12:00:16Z

<div><p>NEW YORK (Reuters) - Investment firms should be barred for two years from managing U.S. public pension funds if they make campaign contributions to the politicians who make the investment decisions, a spokesman for New York's state comptroller urged on Monday.</p><p&...

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